FORBES | When the United States and China signed their historictrade dealin January, many believed that mounting tensions were beginning to thaw. Iwrote thenon these pages that the Phase One trade agreement was a mere cease-fire in an ongoing conflict between the world’s dominant superpower and its near-peer competitor. I was also incredulous over the Administration taking China’s promises to purchase $189 billion in US goods and services by 2021 at face value. Over $30 billion of those were earmarked for importing U.S. energy products.
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